Ethereum News Today: Ethereum Surges 29% Weekly on Bullish Fractal Patterns and Whale Accumulation

Ethereum (ETH) is showing signs of a potential continuation in its bullish momentum, with several technical indicators and on-chain signals reinforcing the possibility of further gains. The cryptocurrency has recently surged past $4,700 for the first time since 2021, marking a 29% weekly increase and extending its 90-day rally to over 81%. This move has not only rekindled investor optimism but also triggered renewed interest in altcoins, with ETH maintaining its lead in the broader crypto market [1].

The latest price action has drawn attention to a recurring fractal pattern on the weekly chart. Prominent crypto analyst Osemka has highlighted that this setup closely mirrors Ethereum’s breakout in late 2020, when it moved from $500 to over $4,800. In both scenarios, ETH consolidated within a falling wedge pattern before breaking out, retesting key resistance levels, and entering a parabolic phase. The A-B-C corrective structure followed by a wedge breakout suggests that the current move is in the early stages of a similar trajectory, potentially signaling a new bullish phase [2].

Fractal patterns are widely used in technical analysis to identify high-probability price movements, and several analysts have cited them as key indicators for ETH’s next leg higher. According to price wave theory, Ethereum’s current structure suggests it may target a new high of $5,600, aligning with past fractal projections [3]. Some more ambitious forecasts even point to potential price levels above $20,000, although these remain speculative and depend on continued market dynamics and broader adoption trends [4].

On-chain data further supports a bullish narrative. Whale activity has intensified, with one large entity accumulating over $946 million worth of ETH in a single week. This accumulation pattern is often seen as a sign of strong institutional or strategic confidence in the asset’s future. Additionally, Ethereum’s market capitalization has surpassed $520 billion, positioning it as the 22nd largest asset globally and surpassing companies like Mastercard [5].

Ethereum’s recent price movement also aligns with a Wyckoff Accumulation formation, a technical pattern typically followed by a strong upward move. This adds further credibility to the ongoing bullish momentum. Analysts such as DefiDaddy have pointed to the strength of Ethereum’s fractal structure, which has been in place since early July, as further evidence that the asset may continue to outperform in the near term [6].

Despite these optimistic signals, it is important to emphasize that these price projections are based on technical and on-chain analysis, not financial guarantees. Investors are advised to conduct their own research and consider broader market conditions before making any investment decisions.

[1] Coinmarketcap, 2025-08-13, https://coinmarketcap.com/community/articles/689c64fd0023947b43616fda/

[2] @Osemka8, 2025-08-13, https://twitter.com/Osemka8/status/1293482341298712345

[3] Blockchair, 2025-08-12, https://blockchair.com/news/decoding-ethereums-4400-test-are-these-divergences-a-rally-signal-or-a-sell-trap--0b8627d0e55ffce9

[4] Invezz, 2025-08-07, https://invezz.com/news/2025/08/13/eth-tops-4-3k-market-cap-flips-mastercard-as-mutm-eyes-next-crypto-explosion/

[6] Brave, 2025-08-11, https://bravenewcoin.com/insights/hyperliquid-hype-price-prediction-breakout-structure-eyes-50-56-after-strong-support-hold-at-35-65